2013-01-21
2013-01-29
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to grow the economy, shrink government and create confidence that we are not greece. and, oh, heck, my friend steve kroft lobbed a bunch of softballs at president obama and hillary clinton in his "60 minutes" interview last night. and you know what, folks, we still do not know what happened on that tragic, awful night in benghazi when four people were killed. the administration spun two separate stories, we still don't know the narrative. all that, the "kudlow report" starts right now. >>> first up tonight, it could prove to be the most significant immigration reform in years. bipartisan group of four democratic and four republican senators unveiling their blueprint this afternoon for border security, guest worker cards, more foreign brainiacs and employer verification, maybe even a path to citizenship. cnbc's own eamon javers joins us now with the details. good evening, eamon. >> well, we've almost gotten out of practice at watching bipartisan groups of senators hold press conferences here in washington. that's not something we're used to seeing. in recent months, anyway. but the sena

hours trading. that tells me that the economy is doing better. what is your take? >> i think the economy is more mixed. it seems to me, google hot today and obviously a great tech story and also an advertising tostory. friday, general electric. kind of told us that world economic expectations might be better. is the world better? >> i think it is possible that the eearnings are going to be better. if you look at the bottom of estimates, they were $114 for the s&p -- i'm sorry $120 they are coming down. we suspect they are going to continue to come down. we suspect the corporate earnings are going to come down. i want to add economic stuff to this. today, existing home sales 12.8% above a year ago. existing home sale prices plus 11%. that is progress it was falling at 4%. last week, manufacturing up, capitol goods up. are he ewe estimating the econo? >> clients are asking me about upside risk. nobody is asking about upside risk. i think the question is, is it in the price already. >> all related to the housing ready. for, the fed is easy. we all know the fed is easy because it has a feder

with the u.s. energy revolution, aring if to help us this year on the economy. let's bring in our ace investors, david goldman, former head of income grout at bank of america and michael farr, author of "restoring our american dream, the best investment. abigail doolittle, the investors killed it after hours. >> i think what's going on is an important inflexion point. we had another earnings miss, another guide down. this once superstar amongst the text stock has been falling for a few months. i think traders answered vestors were waiting for this report to see what the future with look like. unfortunately it's not as bright as some might have hoped for and that's now showing up in the stock. >> is there an offset here? google did very well today and revenue was very good. apple versus google consideration apple stop this rally? i don't think so but i want to get your take on this. what does it mean apple is doing badly? is it an apple thing, an economy thing or consumer thing or what? >> i think that's a great question. i think right now i tend to agree with you. i think investors wi

economy. obviously, the u.s. economy is still a global leader. we wanted to remain that way. the political debated home has been very much about jobs and the economy. and we're here listening to some of the leaders from the eu and the other sort of entities that are here trying to understand how they're dealing with their problems. and i think coming out of all of this will be a renewed sense that in america we can compete and we will compete and we will continue to be the destination for capital and innovation. >> we have a natural gas boom and we have an oil boom and we have, thanks to low interest rates, what appears to be some sort of a housing boom. so much more can happen and, in fact, it seems like the only body, the only institution that might stand in the way of 2013 being a great year is congress. >> well, listen, there is certainly not the outcome that anybody wants. and i'm hoping that after we've been through the election and last november. we've been through a fiscal cliff debate. we are working our way through a debt ceiling debate. i think in a responsible manner. with an e

part it's a broad-based rally, which is the best kind. as i've said, a lot of this reflects an economy that looks better than you might think. and then on the political front, president obama's recess appointment to the nlrb declared unconstitutional. and louisiana governor bobby jindal calls republicans the stupid party. how about that? and then there is an unconfirmed scandal. i say unconfirmed. did senator bob menendez sleep with underaged dominican prostitutes? this is "the kudlow report" and we begin right now. >> all right. first up, our most optimistic story tonight, stock continue their bull run, the s&p 500 and dow closing in on their all-time highs from october 2007. brian shactman joins us now with all the details. good evening, brian and good work today. >> you touched on the s&p details having its best streak in terms of winning streaks days in a row in eight years but how about the dow. we're now 105 points shy of 14,000. eight components hit new highs today. beyond the five on your screen, utx, pfizer and p & g also doing it. now, speaking of history, historically life i

with our own economy and our fiscal situation. that is a given, because that is the source of our strength and our capacity. but we also have to be smart about making the right investments in diplomacy and development to try to solve problems and prevent them. >> i'm joined tonight with senator chris murphy of connecticut, who is a member of the senate foreign relations committee. senator, good to have you with us tonight. moving forward, security obviously is an issue. so getting funding and help from republicans shouldn't be hard after this hearing. that's what i see today. your thoughts on it. >> well, listen, the republicans have had chance after chance to do the right thing here. the irony is just as thick as the walls of the united states congress, when you think that they stripped $300 million out of the secretary's security requests before benghazi. but it gets even worse, ed. after benghazi, the president and the secretary of state said listen, we've got to do better. so they put before congress a request to just move $1.3 billion of unallocated funds for iraq into security accoun

the economy has got to be at the very, very top. second of all in my view, when scientists tell us that if we don't get a handle on global warming, the planet may warm by eight degrees by the end of the century with devastating consequences, of course we have to move away from fossil fuel in a dramatic way. transform our energy system. by the way, we can create jobs doing that. right now our republican friends, when you talk about want to do entilement reform, it's not entitlement reform. let's be clear. it's massive cuts in social security, medicare, veterans programs, medicaid. >> you know their argument is that you can't just raise taxes. you have to, at some point, you have to get your fiscal house in order and that means cuts to some of these entitlement programs. >> no it does not. when you talk about getting your fiscal house in order, that's correct, but our republican friends forget to mention that at 15.8%, revenue compared to gdp, that is the lowest percentage in 60 years. when clinton gave us a balanced budget, revenue was about 20%. we have one out of four corporations, profitabl

? >> it is good for the economy. absolutely it is good for the economy. you know, this is a relationship between mood and spending. when people feel good they tend to spend more. >> they feel good right now. >> they feel really good right now. very excited right now. >> this are are the obvious things that fly off of the shelves here in san francisco like t-shirts and anything that helps folks identify with the 49erss. an estimate that fans nationally will spend $11 billion. including 51 million cases of beer and 5 million new television sets. >> in general, san francisco should be a little more active, lively, optimistic mace. all of those things are good for consumer spending. >> reporter: then, the stuff fans to well watching the game. consuming 125 million pounds of chicken wings. what is the psychology behind that? >> when we are in a situation like this that is just gripped the emotions of the entire city, really, nobody is left behind. everybody in some way is affected by this. >> reporter: and intangible pay offs like the image of america

the country faces which is getting our economy going. >> sean: i like what our colleague charles krauthammer said it's an ode to big government and you pointed out in the list, gun control, gay marriage, global warming, he not only wants to lock in every liberal agenda item, but advance it further. will he be successful? second term are notoriously not successful. >> let's add global climate warming on her, climate change. we've already passed this through the congress. it's done. is congress going to pass it? is congress going to tell the states, no, you can't put that past voter i.d. laws? only in it's bipartisan doesn't require amnesty and citizenship. gun control passed, no. i think the president was basically declaring his administration is no longer substantive achievement. it's make the democratic party and making the republicans look more extreme. taking their strength to pass positive items that pile up over in the senate never to be really considered, but give them an agenda, a view that says to the american people he's over there worried about gun control. we're worried about gett

. the debt ceiling, we need that certainty for the markets, for our economy. we know what happened when the republicans played around with not raising the debt ceiling in august of 2011. the economy was deeply hurt. we're in a recovery and we certainly should not let the republicans let us slip back with failing to provide that kind of certainty and not only the american markets but the global markets. >> congresswoman schwartz, thanks so much for coming on the program after a long weekend. appreciate it. >>> carrie, what's the republican strategy here? what happened with this extension? >> well, it's hard to view this as anything but a retreat of sorts. i mean, a few weeks ago, certainly in december, there was a lot of talk about using the debt limit in february to extract more from the president and the fact that they're pushing it back shows that they were not as confident in that position as they would like. they were pretty isolated in terms of the position. the business community was telling them not to do it. high profile conservatives were saying the same. this now sets them up

, republicans seem intent on keeping the country's economy as unstable as possible. the house averted the debt ceiling fight. at least some republicans. 33 members of the house gop still broke rank. by averting, we, of course, mean punting the ticking time bomb three months down the road. >> another 90 days away so we can continue to royle this congress, this country, our people, and our economy. >> we should not even be having a debate. it should be no doubt that the full faith and credit of the united states will be honored, and that is what our constitution says. >> the gimmick nature of this whole thing i won't elaborate on, has been done before. >> either way, the passage of this bill has allowed lawmakers to skip from brinkmanship to probably more brinkmanship. looming just over the horizon is a budget battle that could shut down the government and automatic steep spending cuts that could cost thousands of jobs. welcome to the new normal in washington. joining us now from davos, switzerland, is cnbc's squawk box co-host "new york times" columnist and author of too big to fail, andrew ros

that's bullish for the economy. >> if you look at some of the trucking names. normally take out the airlines. the airlines have done quite well if they reduced capacity although if you look at some of the reports i think it was u.s. air, but i believe they said that some of their seats were down a bit even though they cut capacity. that was a little bit of a warning sign. even on trucking side it was okay. but now as a trader and investing in the market you have to hook six months ahead. what will happen coming down. we know everything is done well. we know they are up 7%. what's the next move. that's where you get concern. >> we look at the leading indicators. pmi from china, europe, u.s. today the leading indicators in that sentiment indicator is telling us we're not done. we could bleed higher in terms of economic sentiment and economic activity and the new orders component the global pmi looks like it will print above 50 in january for the first time in eight months. >> i'm sure there's a stock market correction. >> when? >> the stock market among other things including what

far out ahead of slashing the budget during a weak economy. the other thing, of course, is financial reform. did and he the president put in place some things along with congress that boo prevent another financial disaster? >> we'll be looking forward to your interview with paul ryan, his first interview since the election. >> first interview since the election. we'll have a lot to talk about in terms of the future of the party. >> thank you very much. >> and now to discuss the future of the republican party, haley barbour, former chair of the republican governors association joins us now from capitol hill. thank you very much. good to see you. let's talk about bobby jindahl's instructions to the republicans at the winter meeting. we can't be the stupid party. do you think that your fellow republicans have figured out a way forward where they won't be the quoting bobby jindahl "the stupid party?" >> i think he is talking about during the campaign we had a couple of candidates for senator who made stupid remarks that not only hurt them in their own races, but spilled over and hurt oth

'll tell what you, if the economy keeps getting better over the next three years, you've got hillary linton rclin running three years from now, we republicans have such a major headwind in our face for the next three years. it's going to be tough. >> yeah, there's no question. but there's so many variables. >> go ahead. >> no, so many variables that could happen in the next 3 1/2 years. >> yeah. ed sees you making a motion, he stops. >> i was trying to get richard haass in on this. >> she wants some more 'roids. >> andrea, i'm sorry, we cut you off. >> no, there are other points about the politics of it. joe biden is going to be at the white house, in closed meetings with the president today and has had a very high-profile role. clearly, this is the interview that he would have wanted to see. and when you talk to a lot of leading democrats who were in town this weekend, they were saying that joe biden has everything going for him except that hillary clinton is a woman and is a celebrity and has the best popularity. and she has the virtue, after eight years then of barack obama and the obama

about the economy, 8.3 fewer americans are working today than there were four years ago, what is your reaction to that? >> well, just shows you how out of touch eghe is. normally when the president is reelected, remember, no landslide. you work together, find common ground and work ford. this person's goal is to break the republican party. he's out of touch where america is at and it's more of a speech after progressive party agenda not something for all of america to get behind. >> sean: how ironic, too, the president lecturing the americans on tone and did you remember of talking about mitt romney and a steel worker's wife? >> and when you work on a president's speech in the inaugural, you usually have a take away line. what is the take away line. normally when the election is over, it's time to govern, he moved the campaign committee going when he can't run for further office. this is what this individual does. he can't govern, but that's what he continues to do is just politics. >> sean: all right, you're a leader of the republican party in the house, one area of government where

for that economy that we've been working for, to vote for immigration reform, to vote for common sense gun reforms. you know, i think that we can affect elections but we legally can't be involved in them. >> some critics have raised red flags as the group's designation over a 501 c-4. with me is michael isikoff. the designation of a 501 c-4, what is the benefit to do that? >> this is the new route that advocacy groups use, can accept unlimited corporate donations and not disclose where they come from and use them for all sorts of political ads. now, they've followed -- the obama people have now followed the karl rove model and they're openly pitching corporate donations. the opening pitch was sponsored by a group called business forward. a lot of big companies, dow chemical, duke energy -- >> a lot of tech companies. >> comcast are part owner, nbc was part of it. they say they're going to disclose and that is a step ahead of where karl rove is but what kind of disclosure is the question. when i pressed katie hogan, the spokeswoman for the group, she said that's all being worked out. will we get re

from our economy, particularly for hispanics and african-americans. >> dana, the stock market is at a five-time high -- a five-year high. unemployment is at a five-year low. he says on the one hand he wants to reach out. you can see the shares in the dow jones right now. what is this man talking about? please, translate it because i'm not intelligent enough to understand it. >> there is apparently a bit of a mixed message occurring at the rnc winter meeting. >> in the very brain of the chairman. >> i think bobby jindal had a point where he said we need to stop being the party of austerity. we need to stop saying how good we can be at shrinking and cutting government. that is not a winning message. he's absolutely right about that. and then you have the party here in washington doing exactly what he said not to do, and you have paul ryan coming forward and saying, yes, i'm going to -- we lost the election so i'm actually going to double down on this. i'm going to cut 40% of the federal government out over the next ten years because that's exactly what the people want to hear an

doom and gloom vision of the obama economy just doesn't seem to match reality these days. i'll have the details coming up. >>> and while whistle-blowers come forward to describe the fraud that led to the financial collapse, the department of justice isn't going after wall street's ceos. i'll ask mike papantonio why they're just being let off the hook. you can listen to my radio show on sirius xm radio noon to 3:00 a.m. -- p.m. share your thoughts with us on #edshow. we're coming right back. uhh, it's next month, actually... eddie continues singing: to tickets to... paradiiiiiise! no four. remember? whoooa whooaa whooo! you know ronny, folks who save hundreds of dollars by switching to geico sure are happy. and how happy are they jimmy? happier than eddie money running a travel agency. get happy. get geico. fifteen minutes could save you fifteen percent or more. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together wh

soon. because that could put us back in a recession. it would pull too much demand out of the economy. for the long-term when people say correctly, we have a serious, long-term fiscal problem, the cause of the problem is that if we don't do anything the debt will rise faster than the economy grows. and ultimately we'll have to pay so much in interest payments, we're in big trouble. but what we need to do to prevent that is to keep the debt stable. to keep it from rising faster than the economy grows. and to do that you need deficits below about 3 or maybe 2 and a half percent of the gross domestic product each year. you don't need the deficits at zero. you don't need the balance. and in fact, the difference between a small deficit to 2, 2 and a half percent of gdp, if the difference was if you shorted funding for education and highways and roads and bridges and basic scientific research, you would probably have a smaller economy in the long run, not a bigger one. because you would have starved the very kind of investments you need to fuel long-term productivity increases and growth in

) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. and don't get heartburn in the first place! [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. >>> she grew emotional, got angry, but in two congressional hearings this week, the secretary of state hillary clinton stood her ground about the attack in libya which took the lives of four americans, including the u.s. ambassador,

% of the entire budget of government at a time that the world is getting smaller, that our economy depends on its relationship with every other country in the world, that we face a more global market than any time in our history, so not just in my briefings a s at the state department, but in my conversations with business leaders, in my trips to crisis areas, to war zones, to refugee camps, and in some of the poorest countries on earth, i have been reminded of the importance of the work our state department does to protect and advance america's interests and do the job of diplomacy in a dangerous world and particularly, i think, there is more that can be done to advance our economic capacity and interests. in this debate and in every endeavor, i pledge to work very closely with this committee, mr. chairman, mr. ranking member, not just because it would be my responsibility but because i will not be able to do this job effectively, nor will our country get what it needs to out of these initiatives without your involvement and your ideas going forward. so thank you, mr. chairman and members of the

. what they did to the economy put it into the tank and it was a big stimulus package that had to pull us out of the tank. we're still doing that right now. i wish the doj would go after these folks and give some answer. i think that frontline documentary is outstanding. mike papantonio, good to have you with us tonight. thank you so much. that is "the ed show." i'm ed schultz. "the rachel maddow show" starts right now. >> thank you for joining us. happy friday. the detroit lions used to play in this building, the pontiac silverdome in once prosperous pontiac, michigan. after the lions left the silverdome and the pontiac factory moved and the town of pontiac went broke, they're tried to sell the stadium to the highest bidder. >> the field has seen monster truck rallies, soccer games. if it can happen on a field, kit happen here. >> out here at the silverdome, we have anything ranging from your dirt shows, snocross shows, home and garden shows, trade shows, converts all the way down to anything you would like to do on top of a field -- football, soccer, indoor football, arena football, you

economy in the world, and you guys are in the thick of it, right? with some areas that were very depressed that are now roaring. >> well, we are really encouraged by the turnaround in california. what we reported this morning is that in the fourth quarter or california house sales increased 80% in the quarter. that's been the slowest market to turn around. but as you know, a very big economic engine in this country. and so for us california means not just our own housing start, activity in our housing operation, but also that's the major market for our west coast saw mills and ultimately for the timberlands on the west coast. >> this morning i was on the "today" show and savannah guthrie, she's fabulous, she asked me, jim, all these companies are making a lot of money but are they doing any hiring? i said not that much. what i should have said is you guys in your transcript today make it very clear you are actually hiring people right now. >> well, we are. and most of the hiring in our company today is in our wood products manufacturing business. so we are putting people back to work, addi

economy. incredibly hosni mubarak was ousted from power. however, at this point many egyptians not happy. the people behind us are not celebrating, they're protesting. >> i understand you spoke to a number of protesters. what is the issue here? what is the problem with the new leadership? why are they out on the streets? why are they upset? >> reporter: the opposition, the protesters have many issues. maybe that's one of their obstacles. not finding one issue to unite over. they're concerned because they say they've been pushed out of the political process. they're concerned about their rights. here's what that protester had to tell us. >> everybody is protesting. what did we get since two years? nothing. nothing achieved. >> reporter: the president says be patient. this is part of the process. >> we need a sign. look at the constitution. look at the constitution. is this a constitution for all egyptians? >> reporter: he said people voted on it. >> how many voted? 15 million or 52 million? 10 million said yes and can this be possible? >> reporter: do you trust the president? >> no. >> re

state of the economy. it looks like now things are almost reversed in a way. tell us about your conversation with cameron. >> when i interviewed prime minister cameron here in new york and he was sort of in the lion's den because he had thrown down the gauntlet with this speech about britain's position in the european union. britain is not fully in in terms of it is not part of the eurozone. it doesn't have the euro but in many aspects it is in and it is a full member. united states depends on britain for the very strong role in international affairs. it helps all over the place whether in trying to confront iran, syria and north korea with sanctions and plays a big role whether afghanistan, iraq. david cameron is saying we like our foreign role. we like you and our economic role in the e.u. but we don't want to be a part of your political role. he is trying to negotiate a half in/half out role for the u.k. that is very concerning to the u.s. because he has raised the stakes by saying he would put it to the british people in the referendum. if they vote to get out of the e.u. th

" live from the dubliner coming up. >>> the state of our economy calls for action bold and swift, and we will act, not only to create new jobs but to lay a new foundation for growth. we'll build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together. we'll restore science to its rightful place and wield technology's wonders to raise health care's use and lower its cost. >> here we are four years later. why not come back to the dubliner? all you did too. my, lord. the line goes around the block. a wonderful, joyful crowd. thank you all for coming. joining us now with the politico playbook, the politico executive director jim. >> i'm always a dose of sunshine in the morning. you guys were talking about ted cruz and his comments on gun control. i think what people need to realize, ted cruz is a mainstream republican with this senate and this house. his views, he's not on the conserveative edge of the party. that is the party. when you think about the budget, think about gun control -- >> saying the president exploited

horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. zwroo well, today is election day in jordan, and there are a couple of noteworthy things about the voting there today. yes, jordan is a kingdom, but people do get to pick some of the parliament. for the first time ever international observers were allowed to be watched over the vote looking for signs of glitches and intimidation. so far they report everything running smoothly. jordan remains pretty stable in a region turned upside down by the arab spring. this is a major point, too. jordan is friendly to israel. it's not without its problems though. that does bring us to israel. election time there as well. voters across israel choosing to keep prime minister benjamin netanyahu on the job. only his coalition kept enough seats to just stay in power. lost seats though, many of them to religious parties to the far right and to a new party with a surprising popularity. here's cnn's atika shubert. >> reporter: who is j.r.lapite. after tuesday's election, he is also the newes

the importance of characteristics that will help build the american economy and strengthen american families. third, we create an effective employment verification system that will prevent identity theft and end the hiring of future unauthorized workers. and lastly, we establish an improved process for admitting future workers to serve our nation's workforce needs, while simultaneously protecting all workers. other bipartisan groups of senators have stood in the same spot before, trumpeting similar proposals. but we believe this will be the year congress finally gets it done. the politics on this issue have been turned upside down. for the first time ever, there is more political risk in opposing immigration reform than in supporting it. we believe we have a window of opportunity to act, but we will only succeed if the effort is bipartisan. by their presence today, my republican colleagues are making a significant statement about the need to fix our broken immigration system. we democrats are equally serious. we do not want immigration as a wedge issue. much rather we want a bipartisan bill

conditions could lead the president to repeat himself in 2009. economy remains sluggish healthcare remains too costly, et cetera. one historian interviewed the president from rolling stones magazines says mr. obama needs to revise faith in the american dream. >> i would image if i were writing a speech for him i would inject a dose of ronald reagan optimism don't despair in america. >> follow me at twitter at james rosen and i will tell you which president was the first to have his inaugural address live nationwide. >> i always follow your twitter but i will especially tonight. >> you are always so good to me. >> the political landscape at the part of the term was different than it was when he came to the white house four years ago. republicans control the house. you need look no further than the recent game of political chicken over the fiscal cliff to know just how divided washington is. and more instance show downs are looming. one example the debt creel and controlli -- debt ceiling and what americans describe as out of control spending. republicans take with the attitude toward congre

the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> our second story "outfront," deep freeze. it's the talk for a lot of people in this country tonight. the sub zero temperatures creating dangerous conditions for areas that have not felt the extreme chill in years. we got very spoiled here in new york. it was kind of springtime all winter. the cold now is blamed for at least four death and it follows the warmest year on record. some scientists are blaming global warming for these ups an downs, but the public doesn't seem so convinced. the number of people who believe in global warming is actually down 8% from 2008. only 45% believe it is a manmade problem, which is down from 54% back in 2008. "outfront" tonight, erick erickson and john avlon. so, the president in his inauguration speech took on those who don't believe in climate chang

night. alex. >> okay. thank you so much for that. >>> let's go to the economy, more signs it's on the upswing. u.s. stock markets approaching record highs, the dow on track for its best january performance since 1989. the s & p closing above 1,500 for the first time in five years. nasdaq also closing higher. but there could be pitfalls to the good news. >> the stock market winning streak marked its fourth straight week and this week, encouraging signs on jobs and higher home prices, the government reported homes of new sales shot up in 2012. home sales up almost 14%. diana covers real estate for cnbc. >> home building definitely improved in 2012. nowhere near we need it to be. running at half the housing starts we would be in a normal year. only . >> any improvement is good news for this custom home building outside of columbus, ohio. they haven't been this busy since the housing bubble burst in 2006. >> we're very excited. last year was good, expecting this year to be great. >> reporter: the dow has finished each yoear higher than it began. it is poised to set a new record h

. >> this is the state of the economy. people are selling body parts. >> it's hard to believe that your situation could be so bad that you would advertise your kidney on craigslist. >> that's reality for not only me but for a lot of people. >> she's right. here's another ad. healthy kidney. respond for further information. so we did. and met with this man who says his name is jim. >> sam told me about you. how you doing? >> jim told us he's a college student and was thinking about selling his kidney for $50,000 to pay his tuition. he asked us to blur his face. >> i felt like this was something where i was able to help someone's life and at the same time help myself. >> and you're okay with living with one kidney? >> i'm okay with it. i mean, i've thought about this for a year. i've dane lone a lot of researc. >> even though it's illegal to sell human organs, we found it a little heart-breaking that jim was willing to do it just to pay for college. finally i told him who i was. we're not passing judgment, you're in no trouble here whatsoever. >> okay. >> you can see why we would be curious about wanting

here. clearly, the economy is still in a bad place and you can't say that there are no longer poor people. and they're concerned about spending back when bush was president and should be concerned now. we did an interview earlier michael hastings, the rolling stone reporter wrote a book saying that in covering the president, being around the media, that what he observed was very immature behavior, giddy is the word that he used and sort of in awe of the president. and i think it just confirms what we've been saying here almost every week about the problem with the press corps and their inability to cover the president. >> jon: now, we heard during the inaugural address, we heard about climate change, we heard about gay rights, we heard about lots of issues, but nothing much about the deficit and some of the pressing issues of, you know, the really pressing issues. >> some of the really great analysis from a lot of journalists and commenttators, well, he's a liberal. who knew? this is the biggest media coverup, this is their version of water-gate. they try to portray him as a centri

to deport them, not to mention the effect it would have on our economy. the majority of them have been in our country for over ten years. but the point is that they would have to -- our plan, they would have a legal status here. but then they would have to go through a long process, get in line behind everyone who is a green cardholder, pay tax, go through a background check, in order to be eligible for a path to citizenship. and so i hope that some my colleagues in the house will look at the provisions that we have and, by the way, they would have to pay back taxes, and they would have to pay for their path to citizenship. i do not see a scenario where it would cost money. what costs money now is when people are in this country illegally, show up in the emergency room, with illness, and that bill is paid for by the taxpayers. >> i guess the argument, the other side makes, lamar smith, among others, you tried this in thereagan administration. they say it only encouraged more illegal immigrants to try to come to the united states. >> well, i think that's a good point. i was one of those

for the rest of the world when it comes to the economy, but they talked about how the agriculture market is very strong and also how the construction market here in the united states is going to be stronger than expected in this first half of the year. that's some good news that helped that stock out. also, travelers insurance, chris, this is a really interesting story. they came in with margins, underwriting margins that were much stronger than expected. so big losses from hurricane sandy, but they were able to raise their pricing, partially as a result of that, so that stock came in with much better earnings than expected. johnson & johnson and verizon are a little bit weaker, but five-year highs. we'll see if the market can hold on to this. chris, back to you. >> thank you, becky. >>> next, a small state's big push for gun reform. delaware attorney general beau biden will be here next to talk about the lessons that his state is learning from the tragedy in newtown, connecticut. >>> plus, biding his time? new signs the vice president is making plans to be back on inaugural podium in fo

of newtown know that they're cared for and cherished and always safe from harm. >> the economy. >> an economic recovery has begun. america's possibilities are limitless. >> social issues. >> our journey is not complete until our gay brothers and sisters are treated like anyone else under the law. >> tonight an unprecedented gathering on business, politics on both sides of the gun debate. dan rather, mark cuban, grover norquist, a texas gun owner who survived a mass shooting and a couple who stopped a thief with a gun of their own. how would you grade the president for his first four years and what da you want to see in the next four? this is "piers morgan tonight." [ applause ] good evening. our town hall is going in a few minutes but we begin with breaking news on another school shooting. this texas three were wounded and two in custody after a shoot-out that apparently resulted from an altercation at the north harris campus at lone star college. joining us is just an eyewitness, he's an emt student who treated two people who wered bleeding. he found out later that one of them

the demographics, given the polling, given the economy. they just knew they had won it. and when they found out that they lost the election, they decided to change the rules. and now they what they would do is take the president who carried virginia and give him four electoral votes and give mitt romney nine electoral votes under this plan. even though the president carried virginia, it is a war on virginia voters. we have moved from the war on women to the war on voters. >> do you think you can stop it if that goes forward any further than it has? >> well, we're going to need a lot of help in stopping it, you know. we're going to need folks to write in, to call their legislators. democrats, republicans and independents and say look, fair is fair. and the plans that you all have cooked up to interest virginia voter, they're just not fair. it's truly beneath the dignity of this commonwealth. >> virginia state senator donald mceachin. thank you very much, sir. i appreciate your time. i have a feeling we'll be talking with you as time goes on, as this continues to unfold. thank you. >> and thank y

of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> our second story "outfront," phil mickelson's mulligan. the professional golfer apologized today for saying he was going to make, his words, drastic changes in his life because of new tax laws. there is no question that phil mickelson's taxes are going up. he is one of the highest earners in professional golf. only tiger woods made more in 2012, according to "golf digest." phil mickelson's numbers, $5.3 million on the course which is really just chump change for this guy because he made $40 million in endorsements. now, the 42-year-old golf champion told the "new york times," i'm quoting, if you add up all the federal and you look at the disability and unemployment and social security and state, my tax rate is 62% to 63%. roland martin is a cnn contributor and so is reihan salam. who also w

having about the fiscal cliff and the debt ceiling. the american economy somebody very important to the global economy. we cannot have the kind of nonsense we've had going on in the building behind me and think that that's going to be either good foreign policy or economic policy for around the globe, not just here at home. i think he was trying to remind people we do live in a global economy. it is interconnected and that that does impact our foreign policy and our defenses. >> it clearly does. michael, the outgoing secretary of state said, and i'm quoting her, we are facing a spreading hi hjihadist threat across nort africa. is it your view that the attack on the consulate in libya, the hostage taking at that gas plant in algeria, and the conflict in mali mean that north africa is now the main front for islamic terrorism and how does a new secretary of state confront this? >> great question. i don't know that i would say it's the main front, but it is certainly a serious front and a serious set of interlocked issues. one thing we have to debate on libya, because i've been perp

, what did you learn? >> we need cuts, we need more revenue, but equally, we need growth in the economy. letting start-ups, tax reform, and regulatory reform help. that's what we need more. >> you really think we need more? >> i mean, you want to make fun of -- >> i don't ever make fun of playing. i like my politicians who play. and who have cameras around when they do. what did you learn today, sam? >> you picked your clothes by number. i have no idea. the sweater collection could probably use an upgrade. >> this is number 47 right here, by the way. >> this is the hollywood business sweater, right? >> that's right! >> i learned about super fierce sri lankan women fighter, and victor garber is wonderful, and my neighbor. which is great. >> if it's way too early, harold, what time is it? >> it's time for "morning joe". >> but coming up next -- >> is my man, chuck todd on "the daily rundown". >> no, luke. >> luke russert! >>> taking it to the streets, vice president biden heads into virginia to make the case for new gun law. can a campaign-style push pressure congress to get something don

and on new home sales side in particular feeds through more broadly to the economy. >> reporter: sounds like the chus are just beginning. >> the interest rates are low and it's great timing. >> 40-year lows for mortgage rates. i have to tell you, mortgage rates have been ticking up a little bit. just a little. they are now at four-month highs. 30-year fixed rate 3.42%. it's still near record low of 3.31% overall. on those new home sales, smaller part of the market. most of us buy a house that's already been built. those sales have been strong. a pullback at the end of the year. last year was a good year. look at the past ten years. you had the peak of new home sales and then a record low in new home sales in just ten years and now trying to come up off the map. >> high in '05? i bought in '06. brilliant. >> are you refinancing in '13 is the important point? >> in fact i'm, smarty pants. in nerd money world this is a big day because timothy geithner's last day on the job. i walked over to christine's desk saying it must be a big deal and you told me and i'm going to totally embarrass you and

something to his stewardship. >> with hindsight being 20/20 and the economy they walked in to and kept falling down the hill -- >> right. >> -- even once they get in to office and often there's instability after a new president but major instability -- >> the free fall. >> correct. they had a long way to go to hit the bottom before they could build it back up. >> i'm not sure they knew when they went in to the office. included geithner and summers and roamer. i think they were -- >> didn't do a full house inspection. like bought it sight unseen. >> and then there's mold. >> the pipes are leaking. >> bad news. a lot of maintenance to be done and interesting, geithner's taken probably more heat from the left than from the right. meaning, the administration's as a whole we know is not a favorite of the republican party and the right. but geithner has been a real bugaboo from the left of a perception of a creature of an industry survived and tloohrive and the rest stagnated. i take the view that the economic system, the financial system has a lot of faults and utility and if the lights go

. that was way before the economy went into freefall, so he had a couple other priorities he had to deal with when he first came into office. and the third thing, erin, is that this president wants this as his legacy. and he has said that he wants it to be a priority, even during the re-electiore-election, he tt this, so he knows that now he has a debt to pay. the republicans need to do this as a necessity, and with all due respect to the congressman, this is absolutely an issue of electoral survival for the republican party. the congressman is right that this isn't the only thing that republicans need to soften up their tone on, but if this isn't something they get done for the latino community, they're not going to listen to them on anything else. >> congressman, here is my problem intellec chatually from where you're coming from. and this is a complicated issue, but i don't understand. these people are already here. you're not going to be able to pick them up and move them out. that's not practical. so if you start from that point of view, how are you ever going to get a deal? >> if i

the euro. and the issue is the fed just prints money. it just keeps interest. in for the economy. there is going to be inflation. prohibited oddly enough in richard virginia. there you go. look at these. v.a. is going to spend $22,000 to study a virginia alternative currency. that kind of a waste of taxpayer money? >> you know, in a way it is. the issue is we have had, before we haven't just had the dollar forever. at one point, in 1836, there were every state had its own bank note. and there were 16,000 chartered types of currency. so easy to counterfeit. it d bs didn't work at all. during, look, i have a wig n on my chest because i'm a nerd. i love this stuff. this is terrific. so, in 1862, to finance the civil war, we came up with what was called the green back. and that was the first time we really had the dollar. so it doesn't really -- how can each state have a currency? the one good thing about it would be states can't print money. and thomas jefferson, the virginian said if there were anything he could add to the constitution it would be to take away the borrowing ability

of many hardworking immmagrants already living in our state contributing to our economy and we appreciate that.' in order to quialify for a temporary drivers license or t- v-d-l, applicants, not eligible for a social security number, must have lived in illinois for more than a year. an applicant must pass a driving safety test and carry auto insurance. the drivers license cannot be used as official identification and can be revoked if a license- holder is found not carrying insurance. 'this is the tvdl, this one is good for 4 years, this one is good for 3 years. senate bill 957 goes into effect 10 months from today...allowing a quarter million illegal immigrant motorist in illinois the abilility to do something many of them were forced to do in hidding. 'this is about every single nationality thats living here in illinois giving them the right to drive without being scared.' meanwhile immigration reform takes center stage in washington this week as president obama plans to deliver a major speech on tuesday. on morning talk shows today both the democratic and republican lawmakers agreed

important that be just people getting along in this town. they deserve a better economy. he's got to show the willingness to work with anybody but also the willingness to work against anybody who stops him from doing a good job. >> isn't that what republicans who say that compromise is a dirty word and it's important to standby your principles. >> i love paul. he's going to try to strike deals with republicans for big picture governance and get things done. run on politics, defeat republicans, don't worry about the nation and do what he wants to do mr. the final two years. that's what paul is getting at. >> i am for striking deals. >> you're for striking republicans. >> i'm for cuts deals but i'm not for saying everybody should come together because here i am. >> when you say ruthless, if a republican member said be ruthless, people would be screaming at you. >> i wasn't quoting. maybe it was ruthless. >> what that means is cutting deals instead of just saying let's reason together, give them something and take something. do the -- >> okay. >> grimy, realistic sometimes unpleasant work of

and the noes thtion th inequality is not a necessary component of the economy. and we want to believe all of those issues. and i think what the president was saying, was, look, we have elections. and when you have a full debate in an election and the outcome is pretty clear cut, then it's his obligation and his right to move forward on all of those issues. >> and as we are watching the navajo nation just went by, their float, one of the things i saw today, melissa, is the whole changing of the demographics of america was reflected at the inauguration, as we look at native americans float goes by, as we heard a president for the first time refer in an inaugural address to same-sex marriage and to gay rights and talking about gender rights and he was sworn in on martin luther king's bible, had those of us in lead civil rights organizations, their labor organizations. they're on the platform. not in a guest seat somewhere else, right there only the platform. and martin luther king's son. i mean, i think that he was saying america has changed. and we've got to deal with the change and let's s

read between the lines they tell you something about the overall economy. chief washington correspondent james rosen interprets for us. >> the national association of realers reports that -- realtors reports while existing home sales dipped in december, such sales are up by december 2011 by 19.8%, with total sales in 2019 reaching the highest point in five years. among the reasons why, experts cited an improving jobs market. >> the driving factor,be of course, have to include the historically low mortgage rates. for those people who can qualify. the other factor is the household formation. many of the young adults who used to live with their parents are seeking out their own housing unit. >> a recent survey by the national association of home builders and wells fargo finds home builders' confidence sagging. staying flat in january and below the 50% mark after eight consecutive growth of months. there, too, there is cause for optimism. the commerce department reported last week that housing starts surged in december. up 19.1% from the month before and setting the fastest pac

in state that would be effected, this would be good for jobs and good for the economy. yet, you have a president who is still behold on the the energy or environmental lobby who shelved two priest approvals from the state department to block this. i don't think he does it. >> he is under renewed and tremendous pressure to continue to oppose this and reject it outright. but he also does with the ambitious plan want some form of energy reform. he is not any kind of cap and trade. energy reform in 2013 or 2015 with the republicans. he knows this is the only way to get it moving to change on this issue. >> he is ride something high politically. we saw at it the inaugural address i find it hard to imagine he will cave to his extreme left on this. knowing what benefit it would bring. now the fig leaf governor that switched and is proposing it is now gone, i expect he will do it. >> bret: huge turn-out on the mall for march for life. prominent speakers out there. >> you are the voice of the voiceless. you are those who stand for love. and a world of death. i have a question for those who do

. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. so i used my citi thankyou card to pick up some accessories. a new belt. some nylons. and what girl wouldn't need new shoes? and with all the points i've been earning, i was able to get us a flight to our favorite climbing spot even on a holiday weekend. ♪ things are definitely looking up. [ male announcer ] with no blackout dates, you can use your citi thankyou points to travel whenever you want. visit citi.com/thankyoucards to apply. >>> it was just a few weeks ago that bob costas delivered a commentary on sunday night football that sparked a debate. the game was held one day after belcher fatally shot himself and his girlfriend. >> you want some actual perspective on this. well, a bit of it comes from the kansas city base writer jason whitlock, with whom i do not always agree but to

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